350zCommTech
Well-known member
100% F fund.
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350zCommtech's Account Talk
- Thread starter 350zCommTech
- Start date
350zCommTech
Well-known member
Thanks.
350zCommTech
Well-known member
fedgolfer
Well-known member
did you see Carter Worth on CNBC? He pretty much guaranteed greater volatitility and increased fall out of the right slope. Miracle news (bac/cfc) was the only thing that saved the markets after Ben dissappointed last time and didn't offer a inter-meeting rescue mission.
350zCommTech
Well-known member
CFC is Enron. It was a shame that the markets rallied that day on the BAC/CFC news. Just look at where those stocks are now.:laugh:
fedgolfer
Well-known member
I think we'll look back at that day and see it as the market just kissin' the 5-year bull channel good bye.
350Z what is your move today Thx
350zCommTech
Well-known member
100% S fund.
fedgolfer
Well-known member
the najarian bros were saying that w/ jan options exp today, that there's a lot less insurance hedges going into Tuesday... as of last night they didn't see the same volume of options in Feb... they think Tuesday could be the perfect storm for a spike up in volitility with less protection on the downside. Obviously you can still short with the proshare ETFs. But still, doesn't sound like a good time to be long tsp c/s/i without the ability to bail intraday.
350zCommTech
Well-known member
This is what I posted last night in the I fund thread.
http://www.tsptalk.com/mb/showpost.php?p=143415&postcount=408
fedgolfer
Well-known member
This is what I posted last night in the I fund thread.
http://www.tsptalk.com/mb/showpost.php?p=143415&postcount=408
yup, GTFO
350zCommTech
Well-known member
MBIA inc. has also been in the news lately. They're in the same situation. If you think you've seen all the write downs from Citi, MER, GS, etc..., you're in la-la land.
ABK and MBI combined, have the power to take down some big financial institutions. Ben can cut to ZERO and it would not change a thing.
I don't want to sound like chicken little but like I said yesterday, we are in DANGER ZONE.
All the charts say the market is oversold and it's time to buy, but this is a bear market(IMO) and news will trump all technicals.
Good luck.
fedgolfer
Well-known member
... confirmation of what's to come... markets up big but SKF (short financial sector) is taking off and not giving an opportunity to buy intraday yet (last night i was thinking it would be red all day and would be a good buy in the last half hour of today)... looks like people are jumping in in anticipation of what's to come, regardless of how overbought it looks technically.
350zCommTech
Well-known member
To be honest with you, I'm scared ****-less right now. Here's what I can see happening:
Tuesday morning, ABK comes out with a huge $30.00/share loss. Market tanks.
Tuesday night around midnight, S&P an/or Moody's downgrades ABK.
Wednesday morning, DOW opens down 500 points.
This might not happen next week but, it will happen.
350zCommTech
Well-known member
G pays on Tuesday. F will get killed if Ben cuts on Tuesday. I think he will wait until the 30th, but why take the chance.
350zCommTech
Well-known member
Hank Paulson, "We must act now".
No ****! Go tell Ben!
No ****! Go tell Ben!
